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Debt Pay Off Before a Home Purchase

Updated: Apr 26



I often get questions from buyers about how to pay off debts before a home purchase. Here are my top tips, in order of importance.


General advice:

Keep up with minimum payments across all accounts.

Establish a budget & stick to it if you don't already have one that you stick to.

Get educated on credit.

If possible, increase your income.

Get educated on taxes.

Don't neglect warranties & insurance.

Don't establish new "bad debt."

Keep separate designated accounts for major fixed expenses w/ no monthly fees or transfer fees incurred.